Impact Analytics, a provider of artificial intelligence (AI)-native solutions for retail and other industries, has partnered with two Italian footwear retailers, PittaRosso and Scarpe&Scarpe, to implement generative AI solutions.
The retailers will incorporate MondaySmart, Impact Analytics’ Generative AI technology across their combined 300 retail outlets and online platforms.
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MondaySmart is an AI-native business intelligence tool designed to empower retail leaders with data-driven insights for strategic decision-making aimed at enhancing sales and profitability.
PittaRosso and Scarpe & Scarpe merchandise planning and allocation head Valentina Labate stated: “With a combined portfolio of nearly 300 stores, it is critical that we optimise our clusters to ensure that we meet our customers’ high expectations.
“Partnering with Impact Analytics will help us harness the power of our data and their AI and GenAI to position us for future growth.”
MondaySmart functions as an automated intelligent reporting system that eliminates manual calculations and consolidates data for users.
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By GlobalDataIt employs machine learning to discern patterns that provide business leaders with a strategic advantage.
The platform is adept at pinpointing the causes of business deviations while offering actionable insights for resolution.
Additionally, it aids in evaluating promotional effectiveness and generates high-impact insights that enhance visibility across various dimensions such as geography, customer segments, and product categories.
Through advanced machine learning algorithms, Impact Analytics facilitates effective clustering, optimising merchandise buying and allocation.
This AI-driven approach aligns stores and products more closely with customer needs, driving sales uplifts and minimising excess inventory.
Impact Analytics founder and CEO Prashant Agrawal stated: “For more than a decade, we have empowered retailers to proactively address their business challenges with our AI-native solutions. MondaySmart’s GenAI empowers retail executives to harness the power within their data to enhance productivity and make smarter business decisions that improve profitability.”
